Berkshire Hathaway sold its entire stakes in the four largest US airlines in April, chairman Warren Buffett said on Saturday at the company's annual meeting, saying the world has changed for the aviation industry.
Within one week, 60 Minutes broadcasted an exposé on Allegiant Air’s poor safety record – and Southwest Airlines blew an engine at 30,000 feet. Throw in years of Boeing 787 engine troubles- which have affected Norwegian Airlines, Air India and others – and a lot of questions are raised:
US Airways shareholders voted to approve the carrier's merger with American Airlines' parent company, AMR Corp. on Friday morning. The formal part of the shareholder meeting in New York lasted about 15 minutes.
The US Southwest Airlines ordered single-aisle 737s with a catalog value totaling 19 billion dollars from Boeing Co., the largest aircraft order ever and the first to include the more fuel-efficient MAX variant.